Chongqing, located on the
Yangtze River in Southwest China, is one
of the world's fastest-growing cities. With
a population of 33 million and another half
million arriving each year, it exemplifies the
rapid urbanization taking place throughout
the developing world. UTC companies
are supporting this growth with high-performance,
energy-efficient products
for the commercial building industry. Otis
is supplying elevators and escalators for
the International Finance Centre, the city's
first premier office building to receive LEED
Gold precertification. Carrier heating and
air-conditioning systems are installed in the
World Financial Center. And Chongqing's
metro lines are equipped with Carrier
heating, ventilating and air-conditioning
systems, Edwards fire detection and
alarm systems, and Shengjie fire
suppression systems.

The Airbus A321 is powered
by IAE V2500 engines and equipped with
nacelles and more than a dozen systems
from UTC Aerospace Systems, including
flight controls, electric power, lighting, air
data systems, ice detection, cockpit controls,
and wheels and brakes. Our acquisition
of Goodrich Corp. gives us the ability to
provide more intelligent, fully integrated
systems for our aerospace customers. Our
majority interest in the IAE International
Aero Engines AG collaboration strengthens
our position in the commercial aerospace
aftermarket. It also allows our customers
to transition smoothly from the current V2500
engine to Pratt & Whitney's PurePower
engine for the new Airbus A320neo
aircraft family.

By focusing on our core aerospace and
building systems businesses, investing in
game-changing technologies and continuing
to expand our presence in emerging markets,
we are well positioned to deliver strong
growth in 2014 and well into the future.